Sylvamo Co. (NYSE:SLVM) Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of Sylvamo Co. (NYSE:SLVM) by 88.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 705 shares of the company’s stock after selling 5,443 shares during the period. US Bancorp DE’s holdings in Sylvamo were worth $56,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock worth $52,000 after acquiring an additional 201 shares in the last quarter. Fifth Third Bancorp increased its position in Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after buying an additional 214 shares during the period. LRI Investments LLC increased its position in Sylvamo by 4,825.0% during the third quarter. LRI Investments LLC now owns 788 shares of the company’s stock worth $66,000 after buying an additional 772 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Sylvamo during the third quarter worth approximately $82,000. Finally, Fortitude Family Office LLC increased its position in Sylvamo by 277.9% during the fourth quarter. Fortitude Family Office LLC now owns 1,678 shares of the company’s stock worth $133,000 after buying an additional 1,234 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Sylvamo Trading Up 0.7 %

NYSE:SLVM opened at $66.04 on Wednesday. The firm has a market cap of $2.68 billion, a P/E ratio of 9.16, a PEG ratio of 2.23 and a beta of 1.15. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. The stock’s 50 day simple moving average is $73.68 and its 200-day simple moving average is $80.56. Sylvamo Co. has a 12-month low of $56.34 and a 12-month high of $98.02.

Sylvamo (NYSE:SLVM) last released its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. Equities analysts anticipate that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.73%. Sylvamo’s dividend payout ratio (DPR) is presently 24.97%.

Insider Activity at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $65.14, for a total value of $1,384,225.00. Following the sale, the chief executive officer now directly owns 131,894 shares in the company, valued at $8,591,575.16. This represents a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Bank of America reaffirmed an “underperform” rating and set a $96.00 price target on shares of Sylvamo in a research report on Wednesday, December 11th. Royal Bank of Canada cut their price target on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th.

Sylvamo Profile

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.